General Liability Insurance provides financial protection to businesses and individuals against third-party claims for bodily injury, property damage, and related legal costs.
If a covered claim arises, you would report it to provider. They will investigate claim and provide legal defense. If the claim is valid, the insurance may cover costs up to policy limits.
Businesses of various sizes and industries, as well as individuals, are eligible for General Liability Insurance to maintain a specified level of coverage.
General Liability Insurance covers, bodily injury, property damage, medical payments, completed operations, legal defense costs, personal and advertising injury.
Cost of General Liability Insurance varies depending on the business's industry, size, location, coverage limits, and risk profile, but on average, it’s about $1,000 annually or $50 a month.
General Liability Insurance policy limits refer to maximum amount an insurer will pay for covered claims, encompassing both individual occurrence limits and aggregate limits for a specific period.
To obtain General Liability Insurance, businesses and individuals can typically contact insurance providers, and receive quotes for coverage options that suit their needs.